Atmus Filtration Technologies Inc. $ATMU Shares Sold by Massachusetts Financial Services Co. MA

Key Points

• Massachusetts Financial Services cut its stake by 19.8%, selling 215,936 shares to hold 877,401 shares (about 1.08% ownership, ~$45.55M), while Channing Capital massively increased its position to 1,715,015 shares and institutional ownership totals 32.73%.
• Atmus beat estimates for the quarter with EPS of $0.66 (vs. $0.57) and revenue of $446.6M (vs. $422.25M), with revenue up 9.8% year-over-year and the company setting FY2026 guidance of 2.750–3.000 EPS; market cap is $5.23B with a P/E of 25.6.

Massachusetts Financial Services Co. MA lowered its stake in Atmus Filtration Technologies Inc. (NYSE:ATMU - Free Report) by 19.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 877,401 shares of the company's stock after selling 215,936 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.08% of Atmus Filtration Technologies worth $45,546,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Channing Capital Management LLC increased its stake in shares of Atmus Filtration Technologies by 3,192.8% during the third quarter. Channing Capital Management LLC now owns 1,715,015 shares of the company's stock worth $77,330,000 after acquiring an additional 1,662,931 shares during the period. Altrinsic Global Advisors LLC increased its stake in shares of Atmus Filtration Technologies by 21.8% during the third quarter. Altrinsic Global Advisors LLC now owns 251,382 shares of the company's stock worth $11,335,000 after acquiring an additional 45,005 shares during the period. Mangrove Partners IM LLC increased its stake in shares of Atmus Filtration Technologies by 21.0% during the third quarter. Mangrove Partners IM LLC now owns 1,330,553 shares of the company's stock worth $59,995,000 after acquiring an additional 230,922 shares during the period. Kennedy Capital Management LLC increased its stake in shares of Atmus Filtration Technologies by 90.6% during the third quarter. Kennedy Capital Management LLC now owns 351,610 shares of the company's stock worth $15,854,000 after acquiring an additional 167,095 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Atmus Filtration Technologies by 1,589.1% during the third quarter. New York State Common Retirement Fund now owns 432,389 shares of the company's stock worth $19,496,000 after acquiring an additional 406,790 shares during the period. Institutional investors and hedge funds own 32.73% of the company's stock.

Atmus Filtration Technologies Trading Up 0.9%

Shares of ATMU opened at $64.00 on Wednesday. The company has a current ratio of 2.42, a quick ratio of 1.66 and a debt-to-equity ratio of 1.43. The firm's 50-day moving average is $60.83 and its two-hundred day moving average is $54.08. Atmus Filtration Technologies Inc. has a twelve month low of $31.68 and a twelve month high of $66.50. The firm has a market capitalization of $5.23 billion, a P/E ratio of 25.60, a PEG ratio of 2.88 and a beta of 1.58.

Atmus Filtration Technologies (NYSE:ATMU - Get Free Report) last issued its earnings results on Friday, February 13th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. Atmus Filtration Technologies had a net margin of 11.76% and a return on equity of 69.78%. The company had revenue of $446.60 million for the quarter, compared to analyst estimates of $422.25 million. During the same period in the prior year, the business posted $0.58 earnings per share. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. Atmus Filtration Technologies has set its FY 2026 guidance at 2.750-3.000 EPS. On average, research analysts predict that Atmus Filtration Technologies Inc. will post 2.52 earnings per share for the current fiscal year.

Atmus Filtration Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Friday, February 20th were issued a $0.055 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a $0.22 annualized dividend and a yield of 0.3%. Atmus Filtration Technologies's dividend payout ratio is 8.80%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ATMU shares. Robert W. Baird dropped their price target on shares of Atmus Filtration Technologies from $69.00 to $66.00 and set an "outperform" rating on the stock in a research note on Monday, March 30th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Atmus Filtration Technologies in a research note on Wednesday, January 21st. Wells Fargo & Company dropped their price objective on Atmus Filtration Technologies from $67.00 to $58.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 1st. Citigroup reaffirmed an "outperform" rating on shares of Atmus Filtration Technologies in a report on Wednesday, February 18th. Finally, Zacks Research lowered Atmus Filtration Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Atmus Filtration Technologies has an average rating of "Moderate Buy" and an average price target of $58.25.

Atmus Filtration Technologies Profile

Atmus Filtration Technologies is a global developer and manufacturer of high-performance filter media and filtration solutions. The company designs and produces advanced materials that capture airborne particles across a range of applications, from heating, ventilation and air-conditioning (HVAC) systems to industrial and cleanroom environments. By focusing on proprietary meltblown and nanofiber technologies, Atmus delivers media that balances efficiency, airflow and durability for both original equipment manufacturers (OEMs) and aftermarket customers.

The company’s product portfolio encompasses pleated and panel filter media, depth filtration products and specialty laminates used in industries such as commercial buildings, healthcare, transportation and power generation.

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